oboloo Glossary

Month-End Close Schedule

oboloo Glossary

Month-End Close Schedule

Month-End Close Schedule is the set of tasks required to bookkeeping activities and close financial books accurately and efficiently at the end of each month. It includes tallying up assets and liabilities, verifying whether all necessary income statements have been filed, ensuring compliance with government regulations, cross-checking entries for accuracy, and preparing financial reports. By following a concrete close schedule, businesses are able to effectively manage their finances and stay on top of their financial obligations.